Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5555 Michigan St Orlando, FL 32822-2700
    Back to Search
    Property profile & analytics

    5555 Michigan St, Orlando, FL 32822-2700

    View on Map
    • Office buildings
    • 23,394 SF
    • 1.57 lot acres
    Off-Market
    Property ID
    US18-4062651
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,570,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Go Bare Spa / Hair Salon / Nail Salon
    • Smith-Gonzalez April DO / Pediatrician / Physician
    • Mr. Guillermo Lorenzo / Physician
    • AVCON, INC. / Engineering Consultant
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 5555 Michigan St

    Year built
    2002
    Lot size
    1.57 lot acres
    Zone code
    O-2/AN
    Property type
    Office buildings
    APN
    04-23-30-0346-00-010
    APU
    42330034600010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,950,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3129
    Latitude
    28.5152
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $53,203
    $438,520
    $2,419,638
    $2,858,158
    -
    $438,520
    $2,419,638
    $2,858,158

    Comparable in this City

    • Value Estimation
      $7,835,000
      49,713 SF

      7025 Augusta National Dr

      OFFICE BUILDING (MULTI-STORY)
      7025 Augusta National Dr, Orlando, FL 32822-5017
      View Details
    • Value Estimation
      $13,445,000
      79,699 SF

      7453 T G Lee Blvd

      OFFICE BUILDING (MULTI-STORY)
      7453 T G Lee Blvd, Orlando, FL 32822-4416
      View Details
    • Value Estimation
      $975,000
      3,810 SF

      4906 Patch Rd

      OFFICE BUILDING
      4906 Patch Rd, Orlando, FL 32822-3307
      View Details
    • Value Estimation
      $905,000
      5,460 SF

      5946 Curry Frd Rd

      OFFICE BUILDING
      5946 Curry Frd Rd, Orlando, FL 32822-4201
      View Details
    • Value Estimation
      $9,595,000
      46,976 SF

      6680 Corporate Ctr Blvd

      OFFICE BUILDING
      6680 Corporate Ctr Blvd, Orlando, FL 32822-1550
      View Details
    • Value Estimation
      $795,000
      3,779 SF

      501 Goldenrod Rd

      PROFESSIONAL BUILDING
      501 Goldenrod Rd, Orlando, FL 32822-8123
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,555 SF

      Renovated Office Building For Lease

      Vacant office building suitable for medical or corporate use.
      1501 S Semoran Blvd, Orlando, FL 32822
      View Details
    • Contact for pricing

      Single-Story Office Building Near OIA

      123,556 SF office building with excellent access and parking.
      5575 South Semoran Blvd, Orlando, FL 32822
      View Details
    • $12,825,000
      64,123 SF

      Class A Office Building with Plug-and-Play

      Demisable Class A office with furnished setup, fiber, and backup generator near major access routes in Orlando.
      6252 Lee Vista Blvd, Orlando, FL 32822
      View Details
    • Contact for pricing
      32,357 SF

      Orlando Office Building For Sale

      63,537 SF office building in Orlando, Florida for sale.
      6252 Lee Vista Blvd, Orlando, FL 32822
      View Details
    • Contact for pricing
      6,309 SF

      Orlando Veterinary Office with ER

      Veterinary office with ER and two operating rooms for sale.
      7313 Lake Underhill Rd, Orlando, FL 32822
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Office/Retail Park on Semoran Boulevard

      Two-building office/retail park with diverse tenant mix.
      5449 S Semoran Blvd, Orlando, FL 32822
      View Details
    • $3 SF/Yr

      Office/Retail Park on Semoran Boulevard

      Two-building office/retail park with diverse tenant mix.
      5449 S Semoran Blvd, Orlando, FL 32822
      View Details
    • Contact for pricing
      6 SF

      Industrial Land Near Orlando Airport

      Industrial land with secure fencing, office, and warehouse buildings.
      5282 Patch Rd, Orlando, FL 32822
      View Details
    • $27 SF/Yr
      4,560 SF

      Freestanding Building on Pershing Avenue

      Freestanding building with high visibility and recent upgrades.
      5745 Pershing Ave, Orlando, FL 32822
      View Details
    • Contact for pricing
      2,500 SF

      Restaurant/Medical Space Near Airport

      Restaurant and medical spaces available near Orlando International Airport.
      6531 Augusta National Dr, Orlando, FL 32822
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5555 Michigan St
    Orlando, FL 32822-2700
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5555 Michigan St, Orlando, FL, 32822
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!